Stock Repurchase Program

9 Months Ended

Jul. 31, 2025

In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of July 31, 2025, $194.3 million remained available for future repurchases under the Program. However, in connection with the Ansys Merger, we have suspended the Program until we reduce our debt levels.

Stock repurchase activities as well as the reissuance of treasury stock for employee stock-based compensation purposes are as follows:


	Three Months Ended July 31,				Nine Months Ended July 31,
	2025		2024		2025		2024(1)
	(in thousands)
Total shares repurchased	—		—		—		74

Total cost of the repurchased shares	$	—	$	—	$	—	$	45,000
Reissuance of treasury stock	359		409		1,393		1,634

(1) Included the 73,903 shares and $45.0 million equity forward contract from the August 2023 Accelerated Share Repurchase settled in November 2023.